XML 17 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 193,661 $ 213,734
Trade accounts receivable, less allowance for doubtful accounts (2016 – $13,545; 2015 – $3,390) 446,352 397,912
Other accounts receivable 44,437 74,989
Inventories [1] 517,052 439,513
Other current assets 70,317 62,922
Assets held for sale 255,941 641,932
Total current assets 1,527,760 1,831,002
Property, plant and equipment, at cost 3,846,686 3,700,472
Less accumulated depreciation and amortization 1,500,554 1,379,377
Net property, plant and equipment 2,346,132 2,321,095
Investments 458,650 435,584
Noncurrent assets held for sale 2,944,071 2,971,455
Other assets 182,231 194,398
Goodwill [2] 1,472,553 1,460,552 [3]
Other intangibles, net of amortization [4] 380,984 383,868
Total assets 9,312,381 9,597,954
Current liabilities:    
Accounts payable 253,067 239,572
Accrued expenses 211,444 313,259
Current portion of long-term debt 493,705 674,994
Dividends payable 34,045 32,306
Liabilities held for sale 145,269 329,598
Income taxes payable 21,528 26,956
Total current liabilities 1,159,058 1,616,685
Long-term debt 3,019,478 3,142,163
Postretirement benefits 49,265 49,647
Pension benefits 293,426 299,983
Noncurrent liabilities held for sale 455,452 464,207
Other noncurrent liabilities 230,347 239,104
Deferred income taxes 799,009 384,852
Commitments and contingencies (Note 11)
Albemarle Corporation shareholders’ equity:    
Common stock, $.01 par value, issued and outstanding – 112,391 in 2016 and 112,219 in 2015 1,124 1,122
Additional paid-in capital 2,070,705 2,059,151
Accumulated other comprehensive loss (375,456) (421,288)
Retained earnings 1,460,242 1,615,407
Total Albemarle Corporation shareholders’ equity 3,156,615 3,254,392
Noncontrolling interests 149,731 146,921
Total equity 3,306,346 3,401,313
Total liabilities and equity $ 9,312,381 $ 9,597,954
[1] As of June 30, 2016 and December 31, 2015, $69.9 million and $162.8 million, respectively, of inventories were classified as Assets held for sale in the condensed consolidated balance sheets. See Note 3, “Divestitures,” for additional information.
[2] As of June 30, 2016 and December 31, 2015, $1.4 billion and $1.5 billion, respectively, of Goodwill was classified as Assets held for sale in the condensed consolidated balance sheets. See Note 3, “Divestitures,” for additional information.
[3] The December 31, 2015 balances have been recast to reflect a change in segments. See Note 12, “Segment Information,” for further details.
[4] As of June 30, 2016 and December 31, 2015, $1.3 billion and $1.4 billion, respectively, of Other intangibles, net of amortization were classified as Assets held for sale in the condensed consolidated balance sheets. See Note 3 “Divestitures,” for additional information.